Round Rock One Minute Tour by ALEX.realestate

by swpre-chime-me

Round Rock is about 18 miles north of Downtown Austin. In about a minute know more about Round Rock real estate than almost anyone! ALEX provides agents, brokers and their clients with deep intelligence and genius real estate knowledge. ALEX is the only source of Net Sale Price Statistics (Net Sale Price = Sale Price LESS Repairs LESS Seller Contributions to Closing Costs.)

Let’s dive into the Round Rock real estate market data for July 2023.

SUMMARY

In July 2023, the real estate market exhibited a mix of positive and negative trends. The number of sales and total net sales saw a decline from the previous month. However, the average and median net sale prices remained relatively stable. The high-end market also exhibited mixed signals. The duration properties spent on the market showed a notable increase in median days. The difference between the listing and net sale prices widened.

JULY 2023 INSIGHTS

Seasonal Trends: Contrary to the typical seasonal trend that expects higher sales in July compared to June, the market saw a decline in both the number of sales and total net sales.
Luxury Insights: The high-end market displayed mixed signals. The highest net sale price decreased by 25%, but the highest net sale $ per square foot rose by 12% from the previous month.
Positive Highlights: The median net sale price saw a slight increase of 1% from the previous month, indicating stability in this segment. Additionally, the average net sale price per square foot remained stable with a minor decrease of 1%.
Areas of Concern: The market experienced a notable decline in the number of sales (17%) and total net sales (17%) from the previous month. Furthermore, the high-end market’s highest list price saw a decrease of 18%, and the average discount from list price to net sale price increased, indicating potential negotiation challenges.

JULY 2023 SOLD STATISTICS

1. Market Overview

Total Sales: 139 sales, marking a decline of 17% from June 2023.
Total Net Sales Volume: $72,514,589, showing a decrease of 17% month-over-month (MOM).

2. Days from Listing to Sale

Median Cumulative Days on Market: 23 days, a 92% increase from the previous month.
Average Cumulative Days on Market: 48.50 days, showing an increase of 13% from June 2023.

3. Net Sale Price

Median Net Sale Price: $450,000, reflecting a 1% increase from the previous month.
Median Net Sale $ per Square Foot: $212, showing a decrease of 4% MOM.
Average Net Sale Price: $516,173, which is a slight 1% decrease MOM.
Average Net Sale $ per Square Foot: $214, a decrease of 4% MOM.

4. High-End Market

Highest Net Sale Price: $1,261,000, a significant decrease of 25% from the prior month.
Highest Net Sale $ per Square Foot: $391, a significant increase of 12% MOM.

5. List Prices

Median List Price: $465,000, increasing by 3% MOM.
Median List Price per Square Foot: $215, a slight decrease of 4% MOM.
Average List Price: $533,312, no change from last month.
Average List Price per Square Foot: $221 a 3% decrease from last month.

6. Discount from List Price to Net Sale Price

Median % Discount from List Price: 4.2%, a 101% increase from last month
Average % Discount from List Price: 5.3%, a 50% increase from last month.

ALEX REAL ESTATE STAT PACKS

About Stat Packs
Download this or any July 2023 Stat Pack

ALEX currently publishes 36 Stat Packs in the Greater Austin area. If you are interested in area we are not currently publishing or have any question, contact me. I’m always available! Diane

I’M ALWAYS HERE

If you have any questions, I am always here. Just call, text or email me.

Diane Hart Alexander, MBA, MHA, CEO, Broker
Alexander Tiffany Southwest dba ALEX.realestate
Chairman, ALEX Cares
v 713.591.9902
o 713.918.9951
e diane@alex.realestate

PS – If you are an Agent or Broker in Round Rock and want to be one of the few armed with the best research, analysis, marketing and White Glove Service for your clients and for you contact me! Diane

SUMMARY TABLE